Job DescriptionIn this position...Leads second-line credit risk oversight for the Bank's consumer auto lending portfolio, ensuring underwriting, servicing, collections, and repossession practices align with risk appetite, internal policy, and regulatory requirements. Provides independent monitoring and reporting on portfolio performance, policy exceptions, concentrations, and residual values, and serves as secretary to the Ford Credit Bank Credit Committee.
The Retail Credit Risk Management Lead will report directly to the Bank's Chief Credit Officer and will be responsible for implementing and monitoring all aspects of the Bank's consumer auto lending credit risk management programs. The Credit Risk Lead will ensure the programs function with a high level of compliance with internal policies, and federal and state regulatory expectations. The Lead is required to be knowledgeable and skilled in the areas of consumer credit risk management, preferred auto lending. The lead must be able to independently assess associated risks and develop monitoring programs.
ResponsibilitiesWhat you'll do...- Provide support to the Chief Credit Officer in all consumer lending credit risk activities.
- Execute the Bank's credit risk management program in alignment with the Bank's governance framework and risk appetite, and comply with Bank policy and federal/state law and regulation
Maintain an effective credit risk monitoring program including but not limited to:
Adherence to consumer lending applicant underwriting standards;
- Adherence to minimum standards for the requirement of when investigation and verification of applicant and contract data is required; and Adherence to minimum collection and vehicle repossession strategies, tactics, and record keeping; and
- Execute a 2nd-line-of-defense risk management program for consumer loans including ensuring bank underwriting, servicing, collection and other standards are being met.
- Provide independent oversight and reporting to Senior Management and the Credit Committee on key credit risks, credit risk trends, and credit risk mitigation, including regular reporting at the transaction, product segment, product, and portfolio levels on policy exception volumes, performance, credit concentrations and other analysis.
- Oversee vehicle residual value setting processes, conduct quarterly reviews of vehicle residual value performance, and report results.
- Secretary to the Ford Credit Bank Credit Committee.
QualificationsYou'll have...- Bachelor's degree preferred
- 5+ years of banking experience
- A minimum of 3 years' experience in consumer credit risk
- Knowledge of lending interagency regulations and applicable state laws
- Understanding of the 3-lines of defense in banking
- Strong communication and presentation skills and proven customer service experience
- Exceptional analytical skills and the ability to work with complicated financial data
You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Ford Motor Company, we encourage you to apply!
As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder...or all of the above? No matter what you choose, we offer a work life that works for you, including:
• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year's Day
• Paid time off and the option to purchase additional vacation time.
This position is a salary grade 8 and ranges from $99,100-$166,200.Final determination of salary grade will be based on candidate's skills and experience, and base salary will be set within the applicable range according to job scope, responsibility and competitive market value.
For more information on salary and benefits, click here: https://fordcareers.co/GSR
Visa sponsorship is not available for this position.This position is hybrid with a requirement to be onsite four or more days per week.
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